Oslo, 3 January 2024: Reference is made to the announcement by Quantafuel AS
("Quantafuel") on 22 December 2023 regarding the exercise by Planets UK Bidco
Limited (the "Lender"), an affiliate of Viridor Limited, of the right to settle
repayment of NOK 560,961,945.92 of the loans currently outstanding under the
term loan facility between Quantafuel AS as borrower and the Lender by the
issuance of new shares in Quantafuel. For information about the term loan
facility, please refer to Quantafuel's announcements on 30 March, 7 July, and 18
October 2023.

Quantafuel's shareholders are hereby given notice of an extraordinary general
meeting to be held on Thursday, 18 January 2024 at 10:00 CET (the "EGM") in
connection with the proposed share capital increase by issuance of 137,154,510
new shares in Quantafuel to the Lender at a price of NOK 4.09 per share.

The EGM will be held as a digital meeting only, accessible via
https://dnb.lumiagm.com/106768711. Shareholders may also visit
https://dnb.lumiagm.com/ and type the meeting ID 106-768-711 to enter the
meeting.

The notice of the EGM is available on https://www.quantafuel.com/, together with
the following documents: 

- Appendix 1: The board of directors' proposed resolutions
- Appendix 2: Information about online registration and participation, and form
for registration of attendance, advance votes and proxy
- Appendix 3: The board of directors' statement regarding the share capital
increase by conversion of debt and the auditor's confirmation
- A guide for online participation at the EGM

Information about which shareholders that are eligible to attend and vote,
electronic participation, as well as advance voting and proxies, is included in
the notice of the EGM. 

The deadline for registration of attendance, advance voting, and proxies is 16
January 2024 at 16:00 CET. Registrations can be made through the VPS Investor
Services on the following link: 

https://investor.vps.no/gm/logOn.htm?token=c9e5b540183a64b5d7fe502ceb9d0a4229914
e0b&validTo=1708084800000&oppdragsId=20240102VPIHB7U0 

A printed or electronic notice of the EGM is sent to all shareholders. 

For further queries, please contact: 

Terje U. Eiken, CEO of Quantafuel, +47 41 65 54 93 / terje.eiken@quantafuel.com

*** 

About Quantafuel | https://quantafuel.com

Quantafuel is a technology-based energy company converting waste plastics back
into low-carbon synthetic oil products replacing virgin oil products. Quantafuel
is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants
and plans to establish several plants throughout Europe and beyond. 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Rule Book
part II.